iReverse Home Loans is a mortgage company based in Pikesville, MD, specializing in reverse mortgages, also known as Home Equity Conversion Mortgages (HECM). They offer various options for converting the equity in your home into tax-free cash, such as a lump sum, line of credit, tenure term payment, or a combination, without the requirement of a monthly mortgage payment. With a reverse mortgage, homeowners retain ownership of their homes and can sell or pay off the mortgage at any time without penalty.
iReverse Home Loans provides services in multiple states, including California, Colorado, Florida, Georgia, Maryland, Massachusetts, South Carolina, Tennessee, Texas, Virginia, and Washington. They emphasize the importance of consulting with qualified housing counselors and trusted advisers before making a decision about a reverse mortgage, as it is a complex loan that depends on individual financial situations and needs.
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